Filing Flows › Chemical & Mining Co of Chile (SQM) › FY2024
Chemical & Mining Co of Chile (SQM) FY2024 earnings results (fiscal 2024)
20-F filed Apr 24, 2025
Chemical & Mining Co of Chile (SQM) reported revenue of $4.5B for the fiscal 2024 (FY2024), -39% from a year earlier. Operating margin was 23.5%, net earnings $685M (15.1% of revenue).
Chemical & Mining Co of Chile, FY2024: revenue $4.5B (-39% year over year), operating margin 23.5%, net earnings $685M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | — | -39% |
| Gross profit | $1.3B | — | -57% |
| Operating profit | $1.1B | — | -63% |
| Net earnings | $685M | — | -26% |
| Operating cash flow | $1.3B | — | — |
| Free cash flow | $303M | — | — |
What changed
Revenue was $4.5B in FY2024, down 39% year over year.
Gross margin was 29.3%, down 11.9 points from FY2023. Operating profit was $1.1B, a 23.5% margin (down 14.6 points year over year). Operating expenses grew 13% against a revenue fall of 39%. The fastest-growing cost line was Other operating costs (+37%). Net earnings were $0.69B, down 26% year over year. The effective tax rate was 29.0%.
Operating cash flow was $1.3B, 184% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization. Working capital and other items added $0.24B. Capital expenditures of $1.0B left free cash flow of $0.30B.
Questions
What was Chemical & Mining Co of Chile's revenue in the fiscal 2024?
Chemical & Mining Co of Chile (SQM) reported revenue of $4.5B for the fiscal 2024 (FY2024), -39% from a year earlier.
Was Chemical & Mining Co of Chile profitable in the fiscal 2024?
Operating profit was $1.1B (23.5% of revenue) and net earnings $685M.